December 8, 2013
Wall Street ends down but posts gains for week
US stocks fell as investors digested comments by Federal Reserve officials in the wake of the central bank's decision to maintain its stimulus, but two companies made initial public offerings with stellar results.
Based on the latest available data, the Dow Jones industrial average .DJI was down 174.02 points, or 1.11 percent, at 15,462.53. The Standard & Poor's 500 Index .SPX was down 12.65 points, or 0.73 percent, at 1,709.69. The Nasdaq Composite Index .IXIC was down 14.66 points, or 0.39 percent, at 3,774.73.
The Nasdaq was kept in slightly positive territory thanks to a 1.1 percent rise in shares of Apple Inc as the company released the latest version of its iPhone product line.
European shares were steady today, hovering around five-year highs hit in the previous session, with the expiry of September derivatives contracts keeping trade brisk though choppy.
At 0930 GMT, the FTSEurofirst 300 index of top European shares was down 0.04 percent at 1,265.47 points after hitting its highest level since mid-2008 in the previous session. It was on track for a third straight week of gains.